K Determine the effective annual yield for each investment. Then select the better investment. 11.5% compounded monthly; 11.75% compounded annually Click the icon to view some finance formulas. ELEM The effective annual yield for a 11.5% compounded monthly investment is %. (Round to two decimal places as needed.) The effective annual yield for a 11.75% compounded annually investment is %. (Round to two decimal places as needed.) Choose the better investment below. 11.75% compounded annually 11.5% compounded monthly

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